Title 54 — State Government
128 chapters · 1,241 sections in this title.
N.D.C.C. § 54-64-01 Definitions
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In this chapter, unless the context otherwise requires: 1. "Community action agency" has the meaning as provided in section 54-44.5-01. 2. "Division" means the department of commerce division of community services. 3. "Eligible educational institution" means a division-approved i…
N.D.C.C. § 54-64-02 Funds awarded
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The division shall allocate state funds to participating community action agencies to provide matching funds for eligible individual development accounts. The division shall allocate funds to achieve geographic balance in the eight regions served by this program. The division sha…
N.D.C.C. § 54-64-03 Community action agency duties
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In order to be eligible to participate in this program, a community action agency shall: 1. Provide a separate account for the immediate deposit of program funds; 2. Establish a process to select participants and describe any priorities for participation; 3. Enter an individual d…
N.D.C.C. § 54-64-04 Household eligibility - Participation
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To be eligible for matching funds under this chapter, a household: 1. Shall sign an individual development account agreement that includes the amount of scheduled deposits into the household's individual development account, the proposed use of the funds, and the proposed savings…
N.D.C.C. § 54-64-05 Withdrawal - Matching - Permissible uses
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1. To receive a match, a participating household must transfer funds withdrawn from the household's individual development account to the household's matching fund custodial account held by the community action agency, according to the individual development account agreement. Th…
N.D.C.C. § 54-64-06 Consideration for assistance programs
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A state-administered, means-tested program may not adversely consider a household's individual development account savings and matching funds in determining eligibility for the program.
N.D.C.C. § 54-64-07 Program reporting
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Quarterly, the fiscal agent on behalf of each community action agency participating in a North Dakota individual development account under this chapter shall report to the division, identifying the participants with accounts; the number of accounts; the amount of savings and matc…